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GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
DIRECTOR’S UPDATE
Generator Board Retreat
January 31, 2015
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Director’s Update
Finances
Programs
Upcoming Activities
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Financial Overview
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Cash on hand, January 2015
$126,145
December 2015
$123,945
Percentage Change
+1%
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Cash on hand, January 2015
$126,145
Outstanding Income, January 2015
$4,500
Income-Expense, December 2014
$87,861 / $23,280
Income-Expense, January 2015
$14,336 / $13,776
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
0
37500
75000
112500
150000
August September October November December January 2015
Cashflow - August 2014 to January 2015
Income Expense Balance
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Burn Rate for the Remainder of FY15
Baseline assumptions to June 30
• $50,000 contributions
• ~$40,000 earned income
• ~$144,000 expenses
47 percent burn by June 30, 2015, or
8 percent per month (~$9,200)
~$50,000 in hand July 1, 2015
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Programs Overview
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Program Areas
• Outreach
* Scope redefined, workplan developed
* Budget development - Round 1 $4k to June 30
* Social hours evolving well
• Education program
* Coordinator hired
* Budget development - under way
* Outreach under way
* Course scheduling under way
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Operations
• Budget development - Round 1 $38k to June 30
• Woodshop - $6k buildout under way
• Member sign-in - TBD
Finance and Administration
• 2015 membership structure, rates implemented
• Redesigned web presence launched
• New payments gateway underway
• Member directory live
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
BEIJING
Upcoming Activities
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Program Areas
• Outreach
* UVM MFI Prototyping challenge
* Maker day in Montpelier March 19
* Designbook social market
• Education program
* Hiring, evaluation process in development
* Vermont Libraries curriculum support
* Vermont Woodworking School course offerings
* Search for long-term hire to get under way
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Operations
• Metal shop ventilation assessment (with BCA)
• Storage, workbenches, shelving builds
• Tool acquisition assessment under way
Finance and Administration
• Overhaul of QuickBooks being assessed
• Hiring processes
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Member Activities
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Member Activities
• Generator in Residence reviews underway
• “Make Time” challenge voting under way
• Library project in development
• Microelectronics MOOC underway
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
Matt Hogan Photography
GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015
ISTANBUL
THANK YOU

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Generator Board Update, January 31, 2015

  • 1. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 DIRECTOR’S UPDATE Generator Board Retreat January 31, 2015
  • 2. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Director’s Update Finances Programs Upcoming Activities
  • 3. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Financial Overview
  • 4. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Cash on hand, January 2015 $126,145 December 2015 $123,945 Percentage Change +1%
  • 5. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Cash on hand, January 2015 $126,145 Outstanding Income, January 2015 $4,500 Income-Expense, December 2014 $87,861 / $23,280 Income-Expense, January 2015 $14,336 / $13,776
  • 6. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 0 37500 75000 112500 150000 August September October November December January 2015 Cashflow - August 2014 to January 2015 Income Expense Balance
  • 7. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Burn Rate for the Remainder of FY15 Baseline assumptions to June 30 • $50,000 contributions • ~$40,000 earned income • ~$144,000 expenses 47 percent burn by June 30, 2015, or 8 percent per month (~$9,200) ~$50,000 in hand July 1, 2015
  • 8. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Programs Overview
  • 9. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Program Areas • Outreach * Scope redefined, workplan developed * Budget development - Round 1 $4k to June 30 * Social hours evolving well • Education program * Coordinator hired * Budget development - under way * Outreach under way * Course scheduling under way
  • 10. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Operations • Budget development - Round 1 $38k to June 30 • Woodshop - $6k buildout under way • Member sign-in - TBD Finance and Administration • 2015 membership structure, rates implemented • Redesigned web presence launched • New payments gateway underway • Member directory live
  • 11. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 BEIJING Upcoming Activities
  • 12. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Program Areas • Outreach * UVM MFI Prototyping challenge * Maker day in Montpelier March 19 * Designbook social market • Education program * Hiring, evaluation process in development * Vermont Libraries curriculum support * Vermont Woodworking School course offerings * Search for long-term hire to get under way
  • 13. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Operations • Metal shop ventilation assessment (with BCA) • Storage, workbenches, shelving builds • Tool acquisition assessment under way Finance and Administration • Overhaul of QuickBooks being assessed • Hiring processes
  • 14. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Member Activities
  • 15. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Member Activities • Generator in Residence reviews underway • “Make Time” challenge voting under way • Library project in development • Microelectronics MOOC underway
  • 16. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Matt Hogan Photography
  • 17. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 ISTANBUL THANK YOU